Village banking development model: FINCA Costa Rica

Felipe Perez, Connie Jones Gonzalez and Xavier Aaronson

Journal of Business Research, 2011, vol. 64, issue 3, 316-324

Abstract: The village banking institution, Fundacion Integral Campesina (FINCA) in Costa Rica implements an innovative village banking model in its effort to create financially-sustainable solidarity groups. FINCA trains small community groups in a 22-module program to form Community Credit Enterprises (CCE). These small enterprises, or companies, permit members to buy shares as shareholders and generate capital to offer sustainable credit and business models. FINCA has great success with this model locally and regionally and wonders how best to use its gained experience to expand the program in order to continue creating sustainable businesses through training, business and microfinance services.

Keywords: Costa; Rica; Village; banking; Small; community; groups; Sustainability; Credit; Firm (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:64:y:2011:i:3:p:316-324

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